C- Mobile wireless needed additional capital to expand, so the buisness incorperated. the charter from the state of georgia authorizes C- mobile to issue 110,000 shares of 6%, $150 par value cumulative preffered stock and 170,000 shares of $1 par value common stock. during the first month, C mobile completed the following transactions

i Requirements - 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of C-Mobile's balance sheet at October 31, 2018. Assume C - Mobile's net income for the month was $96,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet.) Print Done Requirement 1. Record the transactions in the general journal. (Record debits first, then credits, Select the explar Oct. 2: Issued 24,000 shares of common stock for a building with a market value of $210,000. Date Accounts and Explanation Debit Credit Oct. 2